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Macau

Aomen Tebie Xingzhengqu (Chinese)/ Regiao Administrativa Especial de Macau (Portuguese)

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$12.513 billion (2023 est.)

expenditures

$11.509 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$28.163 billion (2021 est.)

Exports 2022

$21.097 billion (2022 est.)

Exports 2023

$41.839 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$23.77 billion (2021 est.)

Imports 2022

$20.923 billion (2022 est.)

Imports 2023

$23.205 billion (2023 est.)

Industries

tourism, gambling, clothing, textiles, electronics, footwear, toys

Labor force

382,100 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

0% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0.2% of GDP (2021 est.)

Remittances 2022

0.4% of GDP (2022 est.)

Remittances 2023

0.2% of GDP (2023 est.)

Exchange rates

Currency

patacas (MOP) per US dollar -

Exchange rates 2020

7.989 (2020 est.)

Exchange rates 2021

8.006 (2021 est.)

Exchange rates 2022

8.065 (2022 est.)

Exchange rates 2023

8.063 (2023 est.)

Exchange rates 2024

8.037 (2024 est.)

Economic overview

high-income, Chinese special administrative region economy; known for apparel exports and gambling tourism; currency pegged to Hong Kong dollar; significant recession due to 2015 Chinese anticorruption campaign; COVID-19 further halved economic activity

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

2.5% (2022 est.)

Unemployment rate 2023

2.3% (2023 est.)

Unemployment rate 2024

2.5% (2024 est.)

Exports - partners

Hong Kong 73%, China 6%, USA 6%, Philippines 3%, Singapore 1% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 36%, Hong Kong 17%, USA 6%, France 6%, Japan 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$60,100 (2022 est.)

Real GDP per capita 2023

$105,000 (2023 est.)

Real GDP per capita 2024

$112,800 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

-19.6% (2022 est.)

Real GDP growth rate 2023

75.1% (2023 est.)

Real GDP growth rate 2024

8.8% (2024 est.)

Agricultural products

pork, chicken, beef, eggs, pork offal, pork fat, pepper, beef offal, cattle hides, goose meat (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

jewelry, garments, broadcasting equipment, precious metal watches, video and card games (2023)

note: top five export commodities based on value in dollars

Imports - commodities

jewelry, garments, trunks and cases, broadcasting equipment, electricity (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

$2.705 billion (2021 est.)

Current account balance 2022

$3.476 billion (2022 est.)

Current account balance 2023

$14.38 billion (2023 est.)

Taxes and other revenues

22.8% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$50.183 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

29% (2024 est.)

government consumption

12.2% (2024 est.)

investment in inventories

0.7% (2024 est.)

investment in fixed capital

13.8% (2024 est.)

exports of goods and services

89.8% (2024 est.)

imports of goods and services

-45.4% (2024 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2021

0% (2021 est.)

Inflation rate (consumer prices) 2022

1% (2022 est.)

Inflation rate (consumer prices) 2023

0.5% (2023 est.)

Industrial production growth rate

6.8% (2023 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$40.699 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$71.248 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$77.524 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

9.4% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

7.2% (2024 est.)

female

5.6% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$25.971 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$27.771 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$29.392 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

5.4% (2023 est.)

services

91.4% (2023 est.)